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View Diary: Wyden/Gregg Tax Reform Act (19 comments)

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  •  Here's 1 explanation (1+ / 0-)
    Recommended by:
    frisco

    From Ezra Klein:

    The average corporation and taxpayer would pay quite a bit less. But the system wouldn't be bringing in less money because fewer people would escape their burden altogether.

    •  It does broaden the base, (1+ / 0-)
      Recommended by:
      frisco
      but it's an open question whether it does so enough to offset the ponies.
      •  And Corporations and the Rich... (0+ / 0-)

        Will just find new loopholes to exploit so they'll pay even less.  So the money coming in will not be the same, meaning spending cuts will be necessary and we know where they will and won't come from.  

        Politics is like playing Asteroids - You go far enough to the left and you end up on the right. Or vice-versa.

        by Jonze on Sun Mar 14, 2010 at 11:40:05 AM PDT

        [ Parent ]

      •  Thanks to you and Mark for the clarifications (1+ / 0-)
        Recommended by:
        burrow owl

        ... and the pointer to the actual proposed bill.

        "Of all the forms of inequality, injustice in health care is the most shocking and inhumane." -- Rev. Dr. Martin Luther King, Jr.

        by frisco on Sun Mar 14, 2010 at 11:45:25 AM PDT

        [ Parent ]

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